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North Dakota Women Owned Firms Continue to Grow

As of 2015, it is estimated that there are just over 9.4 million women-owned businesses in the United States, generating nearly $1.5 trillion in revenues and employing over 7.9 million people.

The states with the fastest growth in the number of women owned firms over the past 18 years are: Georgia (up 132%), Texas (116%), North Carolina (98%), North Dakota (89%) and New York (89%).

In terms of growth in combined economic clout, however – meaning averaging together the rankings in growth in the number, revenues and employment of women-owned firms – the states (and federal districts) in which all of these measures combined place women-owned firms in a much better than average position over the 1997 to 2015 period are: North Dakota, Wyoming, the District of Columbia and Arizona, Georgia and Nevada (all three tied for 4th place).